SCHEDULE THE INSURANCE BROKERS REGISTRATION COUNCIL (INDEMNITY INSURANCE AND GRANTS SCHEME) (AMENDMENT) RULES 1990

PART III THE GRANTS SCHEME

6.  Rule 7(1) of the Rules shall be amended:—

(a) by the insertion of “(i)” before the words “are or have been insured”; and

(b) by the addition at the end thereof of the following words:—

“or (ii) have suffered loss in consequence of the negligence or fraud or other dishonesty on the part of practising insurance brokers or enrolled bodies corporate, or of employees of theirs, in connection with relevant investment business. ”